The guy behind the widely popular JellyBelly Rom for the Galaxy Nexus, developer "JakeDay", has begun development on the RAZR HD! His latest Rom is only flashable on the Developer Edition of the device which requires you to have an unlocked bootloader. Apparently this Rom is not installed in custom recovery, rather it is installed as an update live while the phone is running.

I don't see why this Rom couldn't be easily ported over to the consumer version now that SafeStrap has been released! The Rom is based on Android 4.1.1 and will soon be based on AOSP! It is Deodexed and Tweaked for performance. The Gapps are built in to the Rom and the popular google services are working. The rom is said to be buttery smooth!

Prerequisites to installing this rom include you must be on the JellyBean OTA leak, you must be rooted, and you must have busybox installed. Download the rom and check out the Readme.txt for more info and instructions.

Via Rootzwiki